$2,434 Closing Credit*
$205,000
958 SqFt
2 Beds
•1 Full Bath
Listing Office: Exit Rocky Top Realty LVS
Is 38570, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 38570 has remained a Seller's Market.
Key Takeaway
38570 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 38570, TN
How much do homes in 38570, TN cost?
Median Sold Price
$299,900
$173/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$22,600(-7.0%)
Key Takeaway
Homes in 38570 have sold for 7% less than they did a month ago.
Summary: The median home sold price in 38570 was $299,900 in October 2024, down 7% from last month, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $150K | +57.9% |
| 3 Bedrooms | $322.5K | $311.9K | -3.3% |
| 4 Bedrooms | $475K | - | N/A |
| 5+ Bedrooms | - | $650K | N/A |
Summary: 38570 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57.9%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 38570, TN
How many homes are available in 38570, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 37 | -19.6% |
Summary: The 38570 real estate market had 37 homes for sale in October 2024, a 19.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 26 | 24 | -7.7% |
| 4 Bedrooms | 9 | 4 | -55.6% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 38570 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 38570, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 38570 in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 38570, TN
How long does it take to sell a home in 38570, TN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 52 Days | -9.9% |
Summary: Homes in 38570 had an average of 52 days on market in Oct 2024, down by 9.9% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 38570 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 38570; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.